bought some in my HSA account last Monday. If financial sector drop to pre-covid levels that could be a 10x move in this ETF
Just now watching Marc Cohodes. That guy nailed all of these fraudsters. He doesn't even call them frauds. He says they are a criminal element who need to launder lots of money. Your FDIC funds at work
FAZ,$SPX,XLY,XLC,XLK,XLI,XLB,XLE,XLP,XLV,XLU,XLF https://stockcharts.com/freecharts/...C,XLK,XLI,XLB,XLE,XLP,XLV,XLU,XLF,XLRE|B|null https://stockcharts.com/h-sc/ui?s=FAZ
Deja Vu. After the collapse of some of the mREITS I used to own in November 2007, I was trying to figure out what was good short instrument and I remember reading on the Yahoo! Forums about a new company that was selling leveraged ETFs -- ProShares. They had a -2X Financials ETF called SKF. This was before Direxion even existed. After the collapse of Lehman Brothers, the Feds made shorting the TBTF banks illegal so I sold it then. If this contagion hits the TBTF banks the Feds will do the same thing again.
%% Something like that; FAZ looked to expensive when i tried to buy+ FAS order never got filled so did short term trade XLF[has insurance in it] DPST has some good regional banks in it/ ZIONS..................... Even though one can get burned with a low price around $7.77.[Trade] Almost bought XLF again but regional banks looked better than BLK in XLF[ESG\ woke broke, like SVB] Even though BLK is only about 2%of XLF , DPST regional banks has none of BLK woke broke.